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Sep 12, 2010

Britannia, United Kingdom, Commercial Asset Valuation and Forecast to 2029 now available at ReportsandReports

Dallas, TX: ReportsandReports announce it will carry Britannia, United Kingdom, Commercial Asset Valuation and Forecast to 2029  Market Research Report in its Store.

The Britannia is an offshore field. It is located 210km north east of Aberdeen in the North Sea. The field covers an area of approximately 112sq km. The Britannia field produces natural gas and condensate and natural gas liquids. It is one of the UK’s largest gas fields to be brought under production. About 8% of the country’s energy needs are met by the gas produced from this field.
Britannia Operators Ltd. (BOL) is a 50/50 joint venture of ConocoPhillips and Chevron. BOL operates and manages the produce from the field. The share of Conoco Phillips (UK) LTD in the joint venture is 40.60%, equity share of Chevron is 32.38%, Conoco Phillips (UK) Theta LTD has 9.01% equity, ARCO British LTD has 8.97% equity, Conoco Phillips Petroleum Company UK LTD has 7.23% equity, and Conoco Phillips LTD has 1.81% equity.
The field was discovered in 1975. It started production in August 1998 . The API of the condensate is 47°. The fluid produced from the field is corrosive in nature. It contains up to 2.60 mole% of Carbon dioxide and 15ppm of Hydrogen Sulfide.
The estimated recoverable reserves of the field are 3 trillion cubic feet of gas and 145 million barrels of condensate and natural gas liquids. The peak capacity of the Britannia field is 740 million standard cubic feet of gas per day and in excess of 50,000 barrels of condensate per day. The field reached its peak in 1999-2000. The field produced about 2,193 thousand barrels of condensate and natural gas liquids and 109,849.10 MMcf of gas in 2009.
The field life of Britannia is expected to be around 32 years with complete abandonment during 2029. The field is expected to generate $7.61 billion in revenues (undiscounted) during its remaining life (starting January 1, 2010) and is expected to yield an IRR of around 17.48%.

  • The report provides detailed information on oil and gas production, infrastructure, reserves, geology, operator and equity partners and the latest fiscal terms applicable to the asset and provides its fair value       (Remaining Net Present Value) based on remaining reserves, forecast production, capital and operational costs, fiscal regime and commodity prices.
  • The report also provides additional valuation parameters like Internal Rate of Return (IRR), Profitability Index (PI), Pay Back (discounted and undiscounted), Entitlement Production (EP) and Working Interest (WI) to enhance your decision making process.
  • This report provides detailed sensitivity analysis of the remaining NPV with changes in the commodity prices, discount rate, production and key fiscal terms.
  • Detailed cash flows over the life of the asset are included in the report. These cash flows cover a wide range of calculations related to various payments to the government/licensing authority.
  • Interactive Excel models can be used to derive custom valuations, sensitivities and cash flows based on the specific inputs by the user in the model. These custom inputs vary from production data, cost information, price information and fiscal terms information.
Reasons to buy
  • Make well informed investment decisions based on detailed operational analysis and cash flow forecasts
  • Estimate the fair value of your future investment under different economic and fiscal conditions
  • Value a prospective investment target through a comprehensive analysis using focused forecasting and valuation methodologies.
  • Supporting interactive excel model will enhance your decision making capability in a more rapid and time sensitive manner
  • Evaluate how the changes in the country’s fiscal policies impact the cash flows and the present value of the asset
1 Table of contents 2
1.1 List of Tables 3
1.2 List of Figures 3
2 Britannia, United Kingdom, Introduction 4
3 Britannia, United Kingdom, Geology and Formations 6
4 Britannia, United Kingdom, Equity Partners 8
5 Britannia, United Kingdom, Reserves 9
6 Britannia, United Kingdom, Key Fiscal Terms 10
6.1 Royalty 10
6.2 Bonus 10
6.3 Rentals 10
6.4 Fees 10
6.5 Taxation 10
6.6 Petroleum Revenue Tax (PRT) 10
6.7 Deductions 11
6.8 Capital Allowance 11
6.9 Withholding Tax 11
6.10 Ring Fence 11

7 Britannia, United Kingdom, Field Infrastructure 12
7.1 Upstream Infrastructure 12
7.1.1 Subsea Facilities 12
7.1.2 Platform 12
7.2 Midstream Infrastructure 13

8 Britannia, United Kingdom, Field Development Plan 14
9 Britannia, United Kingdom, Natural Gas and Crude Oil Production 15
10 Britannia, United Kingdom, Field Economics 17
10.1 Britannia, Economic Assumptions 17
10.1.1 Forecast Commodity Prices 17
10.1.2 Inflation 17
10.1.3 Discount Rate and Representation of Cash Flows 17
10.1.4 Sensitivity 17
10.1.5 Access to the Economic Model 17
10.2 Britannia, United Kingdom, Cash Flow Analysis 18
10.3 Britannia, United Kingdom, Remaining PV Sensitivity Analysis. 19
10.3.1 Remaining NPV Sensitivity to Discount Rates 19
10.3.2 Remaining NPV Sensitivity to Change in Commodity Prices and Production 20
10.3.3 Remaining NPV Sensitivity to Income Tax and Production Rate 21

11 Britannia, United Kingdom, Summary Cash Flows 22
11.1 Britannia, United Kingdom, Front End Load Due To Fiscal Policy 23
11.2 Britannia, United Kingdom, Tax Liability 24

12 Appendix 26
12.1 Methodology 26
12.2 Coverage 26
12.3 Secondary Research 26
12.4 Primary Research 27
12.5 E&P Forecasts 27
12.6 Capital Costs 28
12.7 Exploration and Appraisal (E&A) Costs 28
12.8 Operating Costs 28
12.9 Expert Panel Validation 28
12.10 About GlobalData
12.11 Contact Us
12.12 Disclaimer

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